General

Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £290.1 billion, an increase over the quarter of £1.3 billion (+0.5%). Over the past year, total net asset values have changed by less than 0.1% with an increase of £0.1 billion. Closed-ended Schemes Within these totals, Guernsey closed-ended funds decreased over the quarter by £0.5 billion (-0.2%) to £238.3...

There’s less than two weeks until the Guernsey Financial Services Commission, Guernsey Finance and the Guernsey International Business Association (GIBA) come together to share insights on Guernsey as an international finance centre for prospective deputies. Anyone considering standing in the 2025 Guernsey General Election is invited to join the one-hour session being held from 12.30pm to 1.30pm...

The Commission has today issued two thematic reports on Client Money arrangements for the Investment and Fiduciary sectors. The Commission found that firms utilise a robust control environment to appropriately segregate and reconcile Client Money, thus ensuring its safety. We also found that the vast majority of licensees hold Client Money with Approved Banks. Whilst we recognise that access to...

The Commission’s development of technology such as its Early Warning System and new Applications and Authorisation Portal has demonstrated its commitment to efficiency and effectiveness enhancing technologies. The Commission appreciates that continued technological evolution by it and our core economic sector is important for the future prosperity of the Bailiwick. Further to this work, the...

The Guernsey Financial Services Commission welcomes the findings of Guernsey’s Mutual Evaluation Report by MONEYVAL, the Council of Europe’s permanent monitoring body, published today (Monday 10 February 2025). The report confirms the Bailiwick takes a robust approach to counter money laundering, terrorist financing and proliferation financing. Speaking about the report, the Commission’s Director...

The Commission has today issued its report on the Thematic Review of Insurance Reserving. In the summer of 2024, the Commission’s Banking and Insurance Division undertook a thematic review of the reserving methodology and practices implemented by licensed general insurers. As part of its thematic review, the Commission sent out questionnaires to 20 licensed firms representing a range of policy...

Anyone considering standing in the 2025 Guernsey General Election is invited to a session hosted by the Guernsey Financial Services Commission, Guernsey Finance and the Guernsey International Business Association (GIBA) to learn more about Guernsey as an international finance centre. The Introduction to the Finance Sector for Prospective Deputies session will be held at the Guernsey Financial...

The Guernsey Financial Services Commission has today issued a consultation paper seeking views on a proposed revised set of rules and guidance, which would be made under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (“the POI Law”), and which are intended to update and improve upon the current Prospectus Rules and Guidance, 2021. This consultation paper forms part of a programme of...